4 ms·

> the secular trend is clearly downwards Some might see this as an argument for ditching the folks who've overseen this downward trend.

• Emma_Goldman 4y ago
  Reserves have fallen severalfold since the basin was opened in the 1970s. Oil and gas cannot be produced on the same scale for the same returns as in the past. Most of the best wells have dried up. The UK and Scottish governments are both committed to net zero, which means the managed decline of the North sea oil and gas industry. Sturgeon has publicly taken a harder position on this than Johnson since COP26. If Scotland became independent nothing would change. Unless you think the SNP will confect new reserves out of nothing and abandon their climate pledges?
  • mvc 4y ago
    Sorry. I misread the "downward trend" part as pertaining to the economics of the country as a whole, not the oil and gas sector as you clearly stated.
  • Gordonjcp 4y ago
    > Oil and gas cannot be produced on the same scale for the same returns as in the past. Oil and gas is dead. We're producing far more electricity from renewables that we use, and England is buying it because they are struggling for power. Do you really think a sane English government is going to let the lights go out because they can't make a deal with an independent Scotland?